Karachi, Sitara Peroxide Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 7,240,536 with earnings per share 0.13 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sitara Peroxide Limited was incorporated in Pakistan on March 08, 2004 as a public limited company. The principal activity of the Company is manufacturing and sale of hydrogen peroxide. The plant equipments have been imported from world-renowned manufacturers in the US and EU, and all chemicals are produced using state-of-the-art technologies from AK-KIM.
The Company is listed on Pakistan Stock Exchange Limited with the total number of shares of the Company that is 55,100,000. The Earnings per shares of the Company is 1.35 in 2020 which was 3.76 in 2019. The Profit after taxation in 2020 is Rs. 74,242,000 which was 207,385,000 in 2019.